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with this recent debt ceiling vote. i think, basically, business is going to have to come forward like with regard to the debt ceiling and say look, you can't do this. you are going to wreck the economy of the united states and wreck the economy of the world. i'm hoping that we won't get there. but, alex, i have to tell you, it would not shock me if we do. >> okay. let's switch gears. on the heels of the senate confirmation hearing for chuck hagel, has the political climate changed with the new members of congress on board? >> well, you know, with regard -- first of all, with regard to chuck hagel, the media basically reported that he got beaten up pretty bad. i didn't see it that way. i thought he held his own. i anticipate that we will have a lot of motion, commotion and emotion but chuck hagel will be confirmed. he'll do a great job. after all, the president should have the persons he wants to carry out his policy. i think that will be the case. with regard to the new congress, we have to have a wait and see situation. the number of tea partiers lost their seats. they're still a strong force in
, the debt ceiling. now the sequester. i mean, we're now talk about perhaps $85 billion in spending cuts in 2013 if they don't get their act together on the sequester. that's pointing exactly in the opposite direction. so the fed is kind of setting the table but not getting the support from the congress on the fiscal side. >> so given the looming debt ceiling limit here, this week on morning joe the "new york times" economist argued why the u.s. should spend now and worry about deficit reduction later. here it is. >> dashing spending when you still have depressed economy is really destructive. it's probably even counterproductive even in purely fiscal terms. we should be sustaining government spending until we have a stronger economic recovery. >> this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation and i'll become a deficit hawk but not now. >> do you subscribe to that, jared? or is that too extre
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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